Rough day for CEO’s

Johnson & Johnson CEO Bill Weldon’s headache is finally over. The company has announced he is stepping down in April following a string of highly publicized recalls. The recalls cost Johnson & Johnson hundreds of millions of dollars, reports the Associated Press.

In other CEO news, Dallas-based AT&T’s board of directors cut CEO Randall Stephenson’s 2011 pay package by $2.08 million because of the failed T-Mobile USA deal. Stephenson will now have to get by on only $18.7 million.